APIIC babus, Mr B.P. Acharya and Mr D. Parthasarathi are behind many of the scrupulous land allocations done in the recent years. They are responsible for allowing Emaar to increase its stake and a reduction of stake for APIIC in the Boulder Hills project.
Incidentally, Mr. D. Parthasarathi is the brother-in-law of Mr. K.V.P. Ramachandra Rao. Mr. K.V.P Ramachandra Rao who is the personal advisor to the state government (deal broker) and the late YSR's partner in crime.
Monday, August 16, 2010
Emaar MGF Boulder Hills Scam - Looting of peoples' land for private (politicians, babus, and Dubai Emaar) gain
The Emaar MGF Boulder Hills saga started when Nara Chandrababu Naidu was the chief minister of Andhra Pradesh. The government took away land from poor farmers in Nanakramguda in the guise of modernizing the city and gave them a pittance in compensation (which most of them have yet to receive). All this was done under the guise of the British-era land acquisition act, which gives absolute right to the government to snatch any land from the public.
The TDP government and APIIC alloted the land to Emaar MGF under a shady deal. In return, many of the APIIC babus and TDP politicos got prime villas for a pittance. Turn the clock forward and congress government came to power and immediately the YSR family and friends circle started looking for immediate sources of revenue. Emaar stake was reduced to 26% and more congress politicians and bureaucrats landed with prime villas in Emaar Boulder hills for a pittance.
In the end, it turns out that the state government didn't make a penny from this massive land giveaway to a Dubai based company. The farmers lost their livelihood. The politicians and bureaucrats made a killing by getting almost free prime land in the middle of a posh golf course. Emaar made a killing on golf memberships, villas, and apartments. The money went to Dubai.
Who loses? -> The people of the state of Andhra Pradesh and the poor farmers whose land was grabbed by the government.
Who gained? Telugu Desam Party politicans, Congress politicians, bureaucrats, and most of all Emaar of Dubai.
What is going to happen? Nothing. There will be a farce investigation. The same babu- B.P. Acharya- who was hand in glove with Emaar in reducing APIIC stake is supposed to conduct an impartial investigation into the scam. We all know what the outcome will be of this investigation.
The TDP government and APIIC alloted the land to Emaar MGF under a shady deal. In return, many of the APIIC babus and TDP politicos got prime villas for a pittance. Turn the clock forward and congress government came to power and immediately the YSR family and friends circle started looking for immediate sources of revenue. Emaar stake was reduced to 26% and more congress politicians and bureaucrats landed with prime villas in Emaar Boulder hills for a pittance.
In the end, it turns out that the state government didn't make a penny from this massive land giveaway to a Dubai based company. The farmers lost their livelihood. The politicians and bureaucrats made a killing by getting almost free prime land in the middle of a posh golf course. Emaar made a killing on golf memberships, villas, and apartments. The money went to Dubai.
Who loses? -> The people of the state of Andhra Pradesh and the poor farmers whose land was grabbed by the government.
Who gained? Telugu Desam Party politicans, Congress politicians, bureaucrats, and most of all Emaar of Dubai.
What is going to happen? Nothing. There will be a farce investigation. The same babu- B.P. Acharya- who was hand in glove with Emaar in reducing APIIC stake is supposed to conduct an impartial investigation into the scam. We all know what the outcome will be of this investigation.
Friday, August 13, 2010
How did the APIIC stake reduce to 26% from 49% in Emaar Boulder Hills?
When the Emaar Boulder Hills project was given to Emaar during the Telugu Desam government, APIIC had a 49% stake in the project. When Y.S. Rajasekhar Reddy became Chief Minister, this stake magically reduced to 26% and subsequently to Zero! How did the initial 49% to 26% reduction occur? Were there any official orders issued for this? What was the reason?
I hear rumors about a certain Mr. Koneru Prasad of a company called Trimex Group was involved in this reduction of equity stake and in return the UAE emirate of Ras Al Khaimah gave a lot of goodies to YSR and his family.
I hear rumors about a certain Mr. Koneru Prasad of a company called Trimex Group was involved in this reduction of equity stake and in return the UAE emirate of Ras Al Khaimah gave a lot of goodies to YSR and his family.
Thursday, August 12, 2010
Emaar Boulder Hills Scam - Politicians who own villas in Boulder Hills
Emaar was allocated land when Chandrababu Naidu was the CM of AP. Ministers from his cabinet were given land for villas in return for throw away prices. Some of the TDP former ministers who got land in Emaar:
Y.S. Rajasekhar Reddy's friend and personal advisor, K.V.P. Ramachandra Rao's wife is alleged to have several villa plots and were acquired at throw away prices. K.V.P. Ramachandra Rao's relative is on the APIIC board. K.V.P Ramachandra Rao's son's father-in-law, K. Raghuram Raju also has a villa plot.
Some Congress Politicians (or Relatives) who own villa plots in Emaar Boulder Hills:
BJP bigwig M. Venkaiah Naidu is alleged to also have a villa in Emaar Boulder Hills.
- Kotagiri Vidyadhar Rao
- Tummala Nageswar Rao
Y.S. Rajasekhar Reddy's friend and personal advisor, K.V.P. Ramachandra Rao's wife is alleged to have several villa plots and were acquired at throw away prices. K.V.P. Ramachandra Rao's relative is on the APIIC board. K.V.P Ramachandra Rao's son's father-in-law, K. Raghuram Raju also has a villa plot.
Some Congress Politicians (or Relatives) who own villa plots in Emaar Boulder Hills:
- K.V.P Ramachandra Rao
- Galla Aruna Kumari
- D. Srinivas
BJP bigwig M. Venkaiah Naidu is alleged to also have a villa in Emaar Boulder Hills.
Monday, August 2, 2010
Suresh Kalmadi - King of Sports Corruption
Mani Shankar Aiyar wasn't screaming his lungs out for nothing, when he criticized the monumental waste that the Common Wealth Games is turning out to be. He has been 100% correct.
Suresh Kalmadi has always been involved with one sports event or the other and they always have been over budget. He sticks on to sports events like a chewing gum to a shoe. This guy must be investigated for corruption as he surely stinks. People of India, please report his illegal and ill-gotten wealth by commenting on this blog. Let us pull this corruption king from his pedestal.
Here's an article from the Caravan about corruption in the CWG-> http://www.caravanmagazine.in/Story.aspx?StoryID=414&Page=1
Here is a list of his cronies, that aided and abetted him in this corruption. None of these people have any idea about sports or event management:
India should learn a lesson from this experience. The only people who benefit from these events are politicians and bureaucrats. Is this the UPA government's way of uplifting the AAM ADMI? I guess Suresh Kalmadi is just an AAM ADMI.
Suresh Kalmadi has always been involved with one sports event or the other and they always have been over budget. He sticks on to sports events like a chewing gum to a shoe. This guy must be investigated for corruption as he surely stinks. People of India, please report his illegal and ill-gotten wealth by commenting on this blog. Let us pull this corruption king from his pedestal.
Here's an article from the Caravan about corruption in the CWG-> http://www.caravanmagazine.in/Story.aspx?StoryID=414&Page=1
Here is a list of his cronies, that aided and abetted him in this corruption. None of these people have any idea about sports or event management:
- RK Sacheti, Joint Director-General (Coordination)
- BB Kaura, Joint Director-General (Revenue)
- M Jeychandren, Officer on Special Duty (Finance & Accounts)
- Sangeeta Welingkar, Additional Director-General (Chairman’s Office and Image & Look)
- Vijay Kumar Gautam
India should learn a lesson from this experience. The only people who benefit from these events are politicians and bureaucrats. Is this the UPA government's way of uplifting the AAM ADMI? I guess Suresh Kalmadi is just an AAM ADMI.
Saturday, July 17, 2010
YSR Family and Friends - Tales of Corruption
AN ARTICLE FROM MAIL TODAY NEWS BY BHARATH BHUSHAN
Andhra Pradesh seems to be changing that structure of patronage.
Instead of giving partymen a share in one’s political capital — the more one shared it, the more it grew — the Congress supporters are given a stake in the state’s economic enterprises.
YSR ushered in this revolution.
He converted his key supporters into businessmen, industrialists, contractors and realtors. Their loyalty to the party or the leader was based on pure economic interest.
YSR rewarded them with contracts in state sponsored irrigation projects ( the much- publicised Rs. 130,000 crore “ Jalayagnam” projects), highway projects, real estate activities, development of Special Economic Zones ( SEZs), land grants and housing schemes in urban as well as rural areas. The loyalty of a majority of the 156 Congress MLAs who got tickets in the last assembly elections was secured through such largesse. Some others have benefitted with smooth and quick approvals of their business ventures.
Those Congressmen who got irrigation project contracts during the YSR regime include MPs T Subbirami Reddy, Kavuri Sambasiva Rao and Rayapati Sambasiva Rao; state ministers Komatireddy Venkat Reddy and P Ramachandra Reddy; and MLA Adala Prabhakar Reddy.
And these are only the big fish — many other party MLAs like Adinarayana Reddy, Srikanth Reddy, Gurunath Reddy, and A Indrakaran Reddy ( former MLA) are believed to have got smaller irrigation and associated road works contracts.
Andhra Congress MLAs whose real estate business thrived during YSR’s chief ministerial tenure include ministers Shilpa Mohan Reddy and Jupalli Krishna Rao, who defaulted on payment of crores of rupees to an urban co- operative bank and Lagadapati Rajagopal ( Congress MP from Vijayawada who is building Lanco Hills — the country’s biggest real estate project). Many other Congress leaders like D Sudheer Reddy ( MLA) and Malreddy Ranga Reddy ( former MLA) have benefitted from the Rs. 3,000 crore Outer Ring Road project of Hyderabad.
Nellore MP Mekapati Rajamohan Reddy and his brother Chandramohan Reddy, MLA, have won contracts for roads and building works. K Pratap Reddy, the Treasurer of the Congress, has stakes in the cement industry and is believed to have business links with the YSR family.
Vijayawada Congress MP Lagapati Rajagopal is believed by many to be the biggest beneficiary of the YSR regime and is involved in businesses ranging from power, iron castings, real estate and infrastructure.
In short, it is difficult to find a Congressman of any consequence in Andhra who has not benefitted from the largesse of the state government.
Several businessmen, industrialists, realtors and contractors who are not directly in politics — some cutting across political lines like the Karnataka BJP minister and mine lord Gali Janardhan Reddy of Bellary who was given 10,700 acres of land in Anantapur — are all worried about their projects in various stages of development. They have a right to be worried.
Family
Businesses which are underwritten and steered by someone at the helm of the state are less likely to fail. They were failsafe investments. Now their future is suddenly uncertain.
It has taken decades for Indian entrepreneurs like the Tatas, Birlas, Ambanis and Bajajs to convert family businesses into billion dollar corporations.
The Congress party under YSR in Andhra showed us that this could be done in barely five years.
The YSR family’s market capitalisation is estimated to be nearly three- fourths of the annual budget of Andhra Pradesh which is around Rs 1,00,000 crore. The family enterprises and business interests spread across real estate ( Silicon Builders, Classic Realty, Bhagvath Sannidhi Estates), infrastructure ( Silicon Infrastructure, Shalom Infrastructure, Marvel Infrastructure, Janani Infrastructure, Athena Infra, Viz Projects), cement ( Bharathi Cement), chemicals ( Pulivendula Polymers), plantations ( Forest Plantations India Ltd), power generation ( Athena Energy, Athena Kakinada Power, Sainz Hydro), newspapers ( Jagati Publications) and television ( Indira Television) besides owning Carmel Asia Holdings Pvt. Ltd.
The formidable business empire that YSR and his son set up has stakeholders among those who are in politics and business in Andhra today. The future of their investments depends on having a constant gardener from the YSR family to tend their interests. They cannot afford to let Jaganmohan Reddy lose out in the chief ministerial sweepstakes.
Indulgence
It is difficult to understand on the other hand why the Congress high command is so indulgent towards Jaganmohan’s shenanigans. Does the party have good reason to allow the mess that Jaganmohan Reddy’s supporters are creating in Andhra Pradesh? YSR was very close to Rajiv Gandhi who appointed him the state Congress chief at the relatively young age of 35 years. Sonia Gandhi has always valued loyalty to her late husband.
More importantly, YSR also delivered politically — not once but in two consecutive assembly and Lok Sabha elections. There would have been no UPA I or II without the electoral outcome of Andhra adding muscle to the Congress.
Another speculation doing the rounds is that the Congress high command is reluctant to act quickly against Jaganmohan Reddy because YSR was also believed to be one of the largest funders of the party.
Those sources of funds are now controlled by his son. So instead of cutting him to size, the party is being indulgent. Why else would the party allow speculation about Jaganmohan Reddy being offered Deputy Chief Ministership or a place in the central council of ministers? Could it be on the other hand that Jaganmohan Reddy is being allowed to demonstrate the support he enjoys in order to nurse his image as a mass leader? There could well be a strategy to allow the demonstration of support and soon people will forget that YSR’s son is a political novice. The blatant hooliganism of his supporters seems to have scuttled his chances to fill YSR’s shoes immediately. However, this will not prevent his well- wishers from claiming that YSR Junior has come into his own as a political leader with a mass base. This would pave the way for his accommodation in the party or the government.
Andhra Pradesh seems to be changing that structure of patronage.
Instead of giving partymen a share in one’s political capital — the more one shared it, the more it grew — the Congress supporters are given a stake in the state’s economic enterprises.
YSR ushered in this revolution.
He converted his key supporters into businessmen, industrialists, contractors and realtors. Their loyalty to the party or the leader was based on pure economic interest.
YSR rewarded them with contracts in state sponsored irrigation projects ( the much- publicised Rs. 130,000 crore “ Jalayagnam” projects), highway projects, real estate activities, development of Special Economic Zones ( SEZs), land grants and housing schemes in urban as well as rural areas. The loyalty of a majority of the 156 Congress MLAs who got tickets in the last assembly elections was secured through such largesse. Some others have benefitted with smooth and quick approvals of their business ventures.
Those Congressmen who got irrigation project contracts during the YSR regime include MPs T Subbirami Reddy, Kavuri Sambasiva Rao and Rayapati Sambasiva Rao; state ministers Komatireddy Venkat Reddy and P Ramachandra Reddy; and MLA Adala Prabhakar Reddy.
And these are only the big fish — many other party MLAs like Adinarayana Reddy, Srikanth Reddy, Gurunath Reddy, and A Indrakaran Reddy ( former MLA) are believed to have got smaller irrigation and associated road works contracts.
Andhra Congress MLAs whose real estate business thrived during YSR’s chief ministerial tenure include ministers Shilpa Mohan Reddy and Jupalli Krishna Rao, who defaulted on payment of crores of rupees to an urban co- operative bank and Lagadapati Rajagopal ( Congress MP from Vijayawada who is building Lanco Hills — the country’s biggest real estate project). Many other Congress leaders like D Sudheer Reddy ( MLA) and Malreddy Ranga Reddy ( former MLA) have benefitted from the Rs. 3,000 crore Outer Ring Road project of Hyderabad.
Nellore MP Mekapati Rajamohan Reddy and his brother Chandramohan Reddy, MLA, have won contracts for roads and building works. K Pratap Reddy, the Treasurer of the Congress, has stakes in the cement industry and is believed to have business links with the YSR family.
Vijayawada Congress MP Lagapati Rajagopal is believed by many to be the biggest beneficiary of the YSR regime and is involved in businesses ranging from power, iron castings, real estate and infrastructure.
In short, it is difficult to find a Congressman of any consequence in Andhra who has not benefitted from the largesse of the state government.
Several businessmen, industrialists, realtors and contractors who are not directly in politics — some cutting across political lines like the Karnataka BJP minister and mine lord Gali Janardhan Reddy of Bellary who was given 10,700 acres of land in Anantapur — are all worried about their projects in various stages of development. They have a right to be worried.
Family
Businesses which are underwritten and steered by someone at the helm of the state are less likely to fail. They were failsafe investments. Now their future is suddenly uncertain.
It has taken decades for Indian entrepreneurs like the Tatas, Birlas, Ambanis and Bajajs to convert family businesses into billion dollar corporations.
The Congress party under YSR in Andhra showed us that this could be done in barely five years.
The YSR family’s market capitalisation is estimated to be nearly three- fourths of the annual budget of Andhra Pradesh which is around Rs 1,00,000 crore. The family enterprises and business interests spread across real estate ( Silicon Builders, Classic Realty, Bhagvath Sannidhi Estates), infrastructure ( Silicon Infrastructure, Shalom Infrastructure, Marvel Infrastructure, Janani Infrastructure, Athena Infra, Viz Projects), cement ( Bharathi Cement), chemicals ( Pulivendula Polymers), plantations ( Forest Plantations India Ltd), power generation ( Athena Energy, Athena Kakinada Power, Sainz Hydro), newspapers ( Jagati Publications) and television ( Indira Television) besides owning Carmel Asia Holdings Pvt. Ltd.
The formidable business empire that YSR and his son set up has stakeholders among those who are in politics and business in Andhra today. The future of their investments depends on having a constant gardener from the YSR family to tend their interests. They cannot afford to let Jaganmohan Reddy lose out in the chief ministerial sweepstakes.
Indulgence
It is difficult to understand on the other hand why the Congress high command is so indulgent towards Jaganmohan’s shenanigans. Does the party have good reason to allow the mess that Jaganmohan Reddy’s supporters are creating in Andhra Pradesh? YSR was very close to Rajiv Gandhi who appointed him the state Congress chief at the relatively young age of 35 years. Sonia Gandhi has always valued loyalty to her late husband.
More importantly, YSR also delivered politically — not once but in two consecutive assembly and Lok Sabha elections. There would have been no UPA I or II without the electoral outcome of Andhra adding muscle to the Congress.
Another speculation doing the rounds is that the Congress high command is reluctant to act quickly against Jaganmohan Reddy because YSR was also believed to be one of the largest funders of the party.
Those sources of funds are now controlled by his son. So instead of cutting him to size, the party is being indulgent. Why else would the party allow speculation about Jaganmohan Reddy being offered Deputy Chief Ministership or a place in the central council of ministers? Could it be on the other hand that Jaganmohan Reddy is being allowed to demonstrate the support he enjoys in order to nurse his image as a mass leader? There could well be a strategy to allow the demonstration of support and soon people will forget that YSR’s son is a political novice. The blatant hooliganism of his supporters seems to have scuttled his chances to fill YSR’s shoes immediately. However, this will not prevent his well- wishers from claiming that YSR Junior has come into his own as a political leader with a mass base. This would pave the way for his accommodation in the party or the government.
Andhra Pradesh Mines Minister Mr. Balineni Srinivas Reddy - YSR Crony
Mr. Balineni Srinivas Reddy was hand picked by Y.S. Rajasekhar Reddy to be the mines minister to protect the interests of his son Y.S. Jagan Mohan Reddy, his son-in-law Anil Kumar, and the Gali Reddy brothers of Karnataka. His only purpose was to provide clearances and cover for all the illegal mining activities of YSR's family and friends.
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